Crude oil trades at around USD 74.27/bbl
August nonfarm payrolls fell by 54,000 jobs in August, against expected decline of 100,000 jobs.
Categories: Finance Tags: 100 000 Jobs, Crude Oil, Decline, Nonfarm Payrolls, Trades
Tata Motors To Focus Globally
Tata Motors plans to focus on various countries around the globe to drive its growth. The company hopes to increase its market share in Russia, China, Middle East and countries in Africa to widen the passenger car and the commercial vehicles range. We are seeing definite signs of economic recovery globally. Vehicle sales in China and India have driven the industry out of difficult times, something which would definitely help Tata Motors penetrate into different territories.
Categories: Automotive Tags: Commercial Vehicles, Countries In Africa, Decline, Definite Signs, Difficult Times, Economic Recovery, Globe, India, Latin America, Maharashtra, Market Share, Middle East, Nano, Passenger Car, russia, Starbus, Suvs, Tata Motors, Transport Solution, Trucks
Wall St ends with moderate gains ahead of jobs reports
In the US, another broadbased buying effort sent stocks through key resistance levels. For today the US August jobs reports is the key macro data that the market would be watching out for. The nonfarm payrolls is expected to drop 80,000 in August as compared to a 1.31 lakh decline in July.
Categories: Finance Tags: Ahead, Decline, Jobs, Macro Data, Moderate Gains, Nonfarm Payrolls, Resistance Levels, Stocks
Oil falls below $74/bbl, heads for monthly loss
US crude oil fell below USD 74 a barrel on Tuesday and was heading for its first monthly decline since May, pressured by bulging stockpiles and concern about the strength of economic growth and future demand.
Categories: Finance Tags: Bbl, Crude Oil, Decline, Economic Growth, Stockpiles
Buy IDFC on decline: Sukhani
Technical Analyst, Sudarshan Sukhani of Technical Trends is of the view that one can buy IDFC on decline.
Categories: Finance Tags: Decline, Technical Analyst, Technical Trends
Hyundai India To Cut Exports
Hyundai India will produce 70,000 more cars this year to meet the growing demand in country. The company has increased capacity at its Chennai facility to accommodate the rising demand. Currently, Hyundai produces six lakh units per annum and will make minor investments to raise the production capacity. The Korean firm is also seeking to reduce its exports by close to 8% as global car sales are on a decline. From 2.71 lakh units exported last year to 110 countries across Africa, Europe and Latin America, the company will only export 2.5 lakh units this year.
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Categories: Automotive Tags: Africa Europe, Annum, Auto Exports, Car Exports, Car Production, Car Sales, Cars, Countries, Crosses, Decline, Fiat, Global Car, Hyundai, Hyundai India, India Exports, Indian Car, Investments, Korean Firm, Lakh Units, Latin America
Buy infrastructure stocks on decline: Bagchi
Anup Bagchi, Executive Director, ICICI Securities one can buy infrastructure stocks on decline.
Categories: Finance Tags: Bagchi, Buy Stocks, Decline, Executive Director, Infrastructure
Buy HDFC, HDFC Bank on decline: Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that one can buy HDFC, HDFC Bank on dip.
Categories: Finance Tags: Decline, Hdfc Bank, Technical Analyst
Crude snaps 5day decline on back of positive economic data
In commodities, crude snapped a 5day decline on the back of positive economic data from the US and climbed above the USD 75 per barrel mark. A weaker dollar also bolstered demand for the commodity. Currently it is trading at USD 75.62 per barrel.
Categories: Finance Tags: Commodities, Commodity, Decline, Economic Data
China crude imports fall for first time in 16 months
China\’s crude oil imports fell 3.2 percent in July from a year ago, in the first decline in 16 months as refiners drew on hefty inventories after earlier record purchases.
Categories: Finance Tags: China Imports, Crude Oil Imports, Decline, Inventories, Refiners
